EVER found yourself wanting to buy a 149-year-old heritage-listed prison, but there's just nothing on the market?
Prison-buyers rejoice: the dream could become a reality for a tidy seven-figure sum.
On Thursday the historic Old Castlemaine Gaol was listed for sale, with Mount Alexander Shire appointing Colliers International to market the property.
Commercial sales managing director Andrew Lewis said the property was a significant local tourist attraction with massive redevelopment potential.
The Old Castlemaine Gaol was built between 1856 and 1861 and was decommissioned from use in 1990.
Since 1990, it has operated with a variety of uses, such as a function house, school camp and conference venue — whereby 67 cells were developed into accommodation for 130 people.
Mr Lewis said he expected strong interest in the property.
"You could put a big circle around a million dollars," he said.
"Maybe 20 per cent each way — but they are there to sell it and it will get sold."
"The local icon represents a quality heritage building complex with development potential of 1.7 hectares."
Expressions of interest for the property close on June 29 and for more information, contact Andrew Lewis on 5327 0707.
